chapter investigates the use of economic forecasting in policy making by discussing practical examples, providing new … institutional details of the forecasting process at fiscal authorities and central banks. We provide empirical evidence that central … producing forecasts. We review forecasting models and provide practical applications. In particular, we illustrate how to use …

made in the first oil price shock of the 1970s. In response to the challenges encountered in forecasting in recent years … and the lessons learnt, the OECD and other international organisations have sought to improve their forecasting techniques …

inflation forecasting and monetary policy decision support. In contrast to the previous conditional projections, the MPM offers …, expectations by economic agents play a key role in monetary transmission; therefore, instead of one-off interest rate measures, the …

methodological contributions, especially with regard to economic forecasting. …